European markets head towards a lower open as investors digest the US mid-term results

European markets head towards a lower open as investors digest the US mid-term results

CNBC Pro: Exxon or Chevron? Goldman Sachs gives a verdict on which stocks are the best to buy

Energy is the rare bright spot in a year when markets have been taking a heavy hit.

When looking at major oil stocks, ExxonMobil And the chevron Two names may come to mind.

Both companies reported solid third-quarter earnings last month. The question is: Which stock is the best buy?

Goldman Sachs set out to determine which name was “worth the premium”.

– Weezin Tan

Biden says he wants to work with Republicans, but won’t compromise on abortion, Social Security and climate change

President Joe Biden said on Wednesday he was eager to work with congressional Republicans after the midterm elections, but stressed he would not compromise on issues such as abortion rights and Social Security.

“I am open to any good ideas. I want to be very clear: I will not support any Republican proposal that would make inflation worse,” Biden said, citing the example of removing the ceiling on prescription drug prices to Americans. Passed on Medicare by his party. “And I will not abandon the historic commitments we just made to address the climate crisis. They are not solvable issues for me and I will not allow that to happen.”

– Emma Kennery

CNBC Pro: Do ​​you think the dollar is about to peak? Here’s how to play it

The US dollar index It rose to a two-decade high in September. It has also reached all-time highs against several major currencies in recent weeks, including the British pound and the Japanese yen.

Now, many market participants now believe that the dollar’s rally, driven by the Federal Reserve raising interest rates more aggressively than other central banks, is about to fade over the next three to six months.

CNBC Pro polled investment banks and brokers on where they see the dollar’s direction. Subscribers can read more here.

– Ganesh Rao

Trump says GOP disappointment for half term doesn’t change launch of his annoying 2024 campaign

Former President Donald Trump celebrates the victory of the Republicans he supported in the 2022 midterm elections, despite the losses suffered by many of his favorite candidates in major races.

“I really think we’ve had great candidates who have done very well,” Trump told Fox News. Provide examples in a range of incumbents and newcomers who have won Senate races: Senator Chuck Grassley of Iowa, Senator Marco Rubio of Florida, Eric Schmidt of Missouri, JD Vance of Ohio, Ted Budd of North Carolina and Senator Ron Johnson of Wisconsin .

But Trump’s expected success for the group of candidates he endorsed did not materialize. Notable examples include the loss of US Senate candidate Mehmet Oz to Democrat Jon Fetterman in a hotly contested race in Pennsylvania and the loss of 2020 election-deny Christina Karamo to Jocelyn Benson for the position of Michigan Secretary of State.

Trump told Fox that allegations that he was “angry” about the election results were a “fake news story.” He added that the results did not affect his plans to announce “Kabir” this month the possibility of her candidacy for the presidential elections in 2024.

“We’ve been a huge success,” Trump said. “Why would anything change?”

— Helsey Cox

European Markets: Here are the opening calls

European markets are set to open lower on Thursday, as investors digest the results of the US midterm elections.

The UK’s FTSE is expected to open 25 points lower at 6,263, Germany’s DAX down 88 points at 13,590, France’s CAC down 40 points at 6,393, and Italy’s FTSE MIB 122 points down at 23.527, according to data from IG.

Earnings are set from Allianz, Continental, RWE, Merck, Credit Agricole, WHSmith, National Grid, Tate and Lyle, Generali and Poste Italiane.

– Holly Eliat

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